Parker Hannifin Stock Hits New 52-Week High (PH)

Editor's Note: TheStreet ratings do not represent the views of TheStreet's staff or its contributors. Ratings are established by computer based on metrics for performance (which includes growth, stock performance, efficiency and valuation) and risk (volatility and solvency). Companies with poor cash flow or high debt levels tend to earn lower ratings in our model.

NEW YORK ( TheStreet) -- Parker Hannifin Corporation (NYSE: PH) hit a new 52-week high Thursday as it is currently trading at $97.53, above its previous 52-week high of $97.50 with 339,216 shares traded as of 11:45 a.m. ET. Average volume has been 1.2 million shares over the past 30 days.

Parker Hannifin has a market cap of $14.39 billion and is part of the industrial goods sector and industrial industry. Shares are up 13.4% year to date as of the close of trading on Wednesday.

Parker Hannifin Corporation manufactures fluid power systems, electromechanical controls, and related components worldwide. The company has a P/E ratio of 14.3, below the S&P 500 P/E ratio of 17.7.

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TheStreet Ratings rates Parker Hannifin as a buy. The company's strengths can be seen in multiple areas, such as its reasonable valuation levels, good cash flow from operations, largely solid financial position with reasonable debt levels by most measures and increase in stock price during the past year. We feel these strengths outweigh the fact that the company shows low profit margins. You can view the full Parker Hannifin Ratings Report.

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